Sikka denies accusations that infy is aggressive on pricing

Infosys CEO Vishal Sikka denied accusations that his company was being aggressive on pricing at an analyst conference in the US.

As Infosys returned to dealwinning form over the past year, the company has increasingly been at the focus of statements from rivals about dropping prices to irrational levels to win contracts.

The Bengaluru-headquartered company has won about $1 billion in deals in each of the past two quarters.

At the Credit Suisse 20th Annual Technology , Media at Telecom conference in the US, Sikka batted away charges that it had slashed prices to stay ahead of competition. “I have heard this, and I have closely looked into this, We are not being aggressive on pricing.Ironically , in the past, we used to say the same thing about some of the players saying this about us today ,“ Sikka said.

Sikka added that the fact that pricing was pressured was a fact but that his company was responding to the drop and not causing it. “Clients are facing digital challenges themselves and the global delivery model is not so differentiated anymore. Clients are saying they want pricing cuts,“ he added. Sikka said Infosys was increasing its focus on automation and innovation in part to help combat the pressure.“We are to reorient our culture from being cost-focused to being innovation focused.“ Sikka also added that he had not yet seen any impact of clients hol ding back spending in the aftermath of the US presidential election.

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